Slide 1: Annual Results 2022
Annual Results 2022 Cicor Technologies Ltd. March 2, 2023 Alexander Hagemann (CEO) Peter Neumann (CFO)
Slide 2: Disclaimer
March 2, 2023 Disclaimer The information in this presentation does not constitute an offer or invitation and may not be construed as a recommendation by us to purchase, hold or sell shares of Cicor Technologies Ltd. This information or any copy thereof may not be sent or taken to or distributed in a
Slide 3: The Cicor Group
cicor Alexander Hagemann The Cicor Group
Slide 4: Cicor in Action
Cicor in Action Electronic solutions for a safe, connected world @ Industrial 40% share of sales Aerospace and Defense 17% share of sales In one in three Solutions from Cicor is at the hearing aids, Cicor ensure pilot forefront of Cicor technology safety developing ever enables people to higher perf
Slide 5: Cicor Services
Cicor Services From design to finished product ute cycle Managemen, Maintenance Product Development Modification Hard- and Software Engineering Repair Services Mechanical Design Refurbishment Test Development Obsolescence Management Redesign NPI Procurement Test Concepts Prototyping \ Validation - Q
Slide 6: Facts and Figures
Facts and Figures Close to customers thanks to global presence Cicor employees Sites > 2’500 15 Floor space Assembled components per year 76’000 m? 1.6 billion cicor.com 6
Slide 7: Global Footprint
Global Footprint Close to customers thanks to global presence United Kingdom [— Germany Bedford Buttlar Dresden Radeberg m ulm Wutha-Farnroda ° one, Switzerland ——8 Romania é Boudry = es Broschhofen as @ >, Wangs = ° o—— china Suzhou am Tunisia Borj Cedria ° e——— Vietnam eo Thuan An City Singapore =
Slide 8: Cicor in 2022
cicor Alexander Hagemann Cicor in 2022
Slide 9: Highlights 2022
Cicor in 2022 Highlights 2022 Record results in order intake, sales and operating margin at the EBITDA and Core EBIT levels Continued high book-to-bill rate, record high order backlog Cicor has managed well challenges of material shortages, disrupted supply chains and high inflation Axis Electronics
Slide 10: Sales by region and industry
Cicor in 2022 Cicor generated 82% of its sales in the three target markets Sales by region Sales by industry cicor.com 5% 1% 6% 1% 14 \| 25% 19% ull 28% 40% 43% 2022 2021 ™ Industrial = Medical ™ Switzerland ™ Aerospace and defence = Europe (without ®™ High-tech consumer Switzerland) = Transport = A
Slide 11: Electronic Manufacturing Services (EMS)
Electronic Manufacturing Services (EMS) EMS division as a driver of sales and earnings * Profitable organic growth is based on a full pipeline of new business with existing and new customers * Growth was made possible not only by the contribution of the newly acquired companies but also by a careful
Slide 12: Advanced Substrates (AS)
Advanced Substrates (AS) AS division strengthens market position and technology leadership * Thin film business continued to deliver excellent results slightly below last year * Printed Circuit Board (PCB) production has made good progress in transformation * Further extension of leading position in
Slide 13: Financial Results 2022
cicor Peter Neumann Financial Results 2022 cicor.com
Slide 14: Sales and EBITDA margin 2017-2022
20% 300 250 15% 200 • 10% 150 100 • 5% 50 0 0% • 2017 2018 2019 2020 2021 2022 Sales H1 Sales H2 EBITDA% (before restructuring) • •
Slide 15: Financial achievements 2022
Financial achievements 2022 All figures in CHF million at actual FX rates Orders received Net sales 313.2 286.6 239.0 2021 2022 2021 2022 cicor.com EBITDA Core EBIT? Core Net profit ” 32.3 2021 2022 2021 2022 2021 2022 Before amortization of capitalized goodwill of TCHF 5 359 (2021: TCHF 420) and in
Slide 16: 20% 11% 20% 10% 9% 15% 8% 15% 0 7% 200 6% 150 10%
20% 11% 20% 300 300 300 10% 250 250 9% 250 15% 8% 15% 200 200 7% 200 6% 150 10% 150 150 10% 5% 4% 100 100 100 5% 3% 5% 50 50 2% 50 1% 0 0% 0 0% 0 0% 2017 2018 2019 2020 2021 2022 2017 2018 2019 2020 2021 2022 2017 2018 2019 2020 2021 2022
Slide 17: 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 2018 2019 2020 2021
2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022 2018 2019 2020 2021 2022
Slide 18: Consolidated 2022 Income Statement
Consolidated 2022 Income Statement in TCHF 2022 in % 2021 in % Net sales 313 193 100.0 239044 100.0 31.0 Material expenses -167 077 -§3.3 -123 806 = -51.8 35.0 Operating expenses -113 842 -36.3 “92116 = -38.5 23.6 EBITDA 32274 10.3 23 122 9.7 39.6 Depreciation, amortization and impairment -10 869 -3
Slide 19: June December June
130 260 120 240 110 220 100 200 90 180 80 160 70 140 60 120 50 100 40 80 30 60 20 40 10 20 0 0 June December June December June December 2020 2020 2021 2021 2022 2022
Slide 20: 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2013 4 2015 2016
0 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 0.4 0.6 0.8 1.0 1.2 1.4 1.6 1.8 2.0 2.2 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Slide 21: Consolidated 2022 Balance Sheet
Consolidated 2022 Balance Sheet in TCHF cicor.com Actual Actual n% 2022 2021 Current assets 251'422 69 200°631 62 Non-current assets 115°313 31 121'258 38 Total Assets 366735 100 321889100 Current liabilities 102'829 28 104'103 32 Non-current liabilities 115'015 34] 128899 40 Equity 148'891 41 88'88
Slide 22: 2022 Cash Flow Statement
2022 Cash Flow Statement in TCHF cicor.com Net profit 3 820 7 482 Depreciation, amortization and impairment 20 041 10 918 Other non cash items -877 836 Changes in working capital* -33 041 10 002 Net cash from / (used in) operating activities -10 057 9234 Purchase of Property, plant and equipment (ne
Slide 23: 2022 Cash Flow Statement — 1st Half vs. 2nd Half
2022 Cash Flow Statement — 1st Half vs. 2nd Half in TCHF 2022 H2 1 2022 H1/ 2022 Net profit 3.008 7 482 Depreciation, amortization and impairment 20 041 10 163 9878 10 918 Other non cash items - 877 -1573 696 836 Changes in working capital* -33 041 4940 -28 101 -10 002 Net cash from / (used in) oper
Slide 24: Impact of Acquisitions on Cicor
Impact of Acquisitions on Cicor Important step to execute the Cicor growth strategy * Not all closed acquisitions already fully consolidated in our 2022 results * SMT (consolidation as of May 2022) * PMDE / PMDT closed 20th January 2023 with consolidation as of beg. January 2023 * AFT closing and co
Slide 25: Outlook 2023
cicor Alexander Hagemann Outlook 2023 cicor.com
Slide 26: Megatrends in the EMS Market
Megatrends in the EMS Market Tailwind for the future Outsourcing Nearshoring Supply Chain OEMs focus on their Geopolitical factors Legislation, supply core competencies and and geographical shortages and increasingly outsource proximity strengthen disruptions require development and Europe and South
Slide 27: Outlook 2023
Outlook 2023 Continued growth expected in 2023 despite challenging environment ¢ Full order book almost equivalent to one year's sales ¢ New project pipeline remains very well filled * Cicor expects growth in sales to CHF 350 - 400 million (If the geopolitical, economic and financial environment doe
Slide 28: Investor Relations
Investor Relations Agenda 2023 March 2 Annual Report 2022 April 17 Business Update Q1/2023 April 18 Annual Shareholder’s Meeting 2023 Boudry (Switzerland) July 25 Interim Report 2023 October 16 Business Update Q3/2023 March 24 Kepler Cheuvreux Swiss Digital Seminar (online) September 13 Investora 20
Slide 29: Investor Relations Contacts
Investor Relations Contacts <r Alexander Hagemann Peter Neumann Michael Gétti CEO CFO VP Corporate Marketing & Communications Cicor Management AG, Gebenloostrasse 15, 9552 Bronschhofen, Switzerland investor@cicor.com | +4171 913 73 00 cicor.com 29
Slide 30: Thank You
Thank You ® in| cicor.com Cicor Group @cicorgroup